35,245 Shares in Dynatrace, Inc. (NYSE:DT) Bought by Eventide Asset Management LLC

Eventide Asset Management LLC purchased a new stake in Dynatrace, Inc. (NYSE:DT) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 35,245 shares of the company’s stock, valued at approximately $1,885,000.

Several other large investors also recently bought and sold shares of DT. Captrust Financial Advisors purchased a new stake in Dynatrace in the third quarter valued at approximately $327,000. Hantz Financial Services Inc. increased its holdings in shares of Dynatrace by 14.6% in the 3rd quarter. Hantz Financial Services Inc. now owns 197,031 shares of the company’s stock valued at $10,535,000 after acquiring an additional 25,159 shares during the period. Cota Capital Management LLC raised its position in Dynatrace by 31.5% in the 3rd quarter. Cota Capital Management LLC now owns 101,936 shares of the company’s stock valued at $5,451,000 after purchasing an additional 24,437 shares during the last quarter. True Vision MN LLC purchased a new stake in Dynatrace in the 3rd quarter valued at $431,000. Finally, RGM Capital LLC boosted its stake in Dynatrace by 12.8% during the 3rd quarter. RGM Capital LLC now owns 4,342,803 shares of the company’s stock worth $232,210,000 after purchasing an additional 494,028 shares during the period. Institutional investors and hedge funds own 94.28% of the company’s stock.

Dynatrace Stock Performance

Shares of DT stock opened at $56.20 on Friday. The stock has a market cap of $16.77 billion, a PE ratio of 102.18, a P/E/G ratio of 8.11 and a beta of 1.06. Dynatrace, Inc. has a 1 year low of $39.42 and a 1 year high of $61.41. The stock has a fifty day moving average price of $53.82 and a 200 day moving average price of $49.17.

Analyst Ratings Changes

DT has been the topic of a number of recent research reports. Guggenheim lifted their price objective on shares of Dynatrace from $55.00 to $64.00 and gave the company a “buy” rating in a research note on Friday, September 27th. Rosenblatt Securities restated a “buy” rating and issued a $65.00 price target on shares of Dynatrace in a research report on Wednesday, November 6th. BNP Paribas began coverage on Dynatrace in a research report on Tuesday, October 8th. They set a “neutral” rating and a $52.00 price objective for the company. BMO Capital Markets boosted their target price on Dynatrace from $53.00 to $61.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Finally, BTIG Research increased their price target on Dynatrace from $57.00 to $63.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Six investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. According to data from MarketBeat, Dynatrace currently has an average rating of “Moderate Buy” and an average target price of $61.36.

Insider Transactions at Dynatrace

In other Dynatrace news, EVP Dan Zugelder sold 11,022 shares of the stock in a transaction on Friday, September 6th. The stock was sold at an average price of $49.71, for a total transaction of $547,903.62. Following the sale, the executive vice president now owns 217,465 shares in the company, valued at approximately $10,810,185.15. This represents a 4.82 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Stephen J. Lifshatz sold 5,000 shares of the firm’s stock in a transaction on Friday, October 11th. The stock was sold at an average price of $55.00, for a total value of $275,000.00. Following the transaction, the director now directly owns 41,471 shares of the company’s stock, valued at $2,280,905. The trade was a 10.76 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 66,022 shares of company stock valued at $3,397,904 in the last 90 days. 0.59% of the stock is currently owned by insiders.

Dynatrace Profile

Dynatrace, Inc provides a security platform for multicloud environments in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The company operates Dynatrace, a security platform, which provides application and microservices monitoring, runtime application security, infrastructure monitoring, log management and analytics, digital experience monitoring, digital business analytics, and cloud automation.